Asia-Pacific Lithium Ion Battery Recycling Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Lithium Ion Battery Recycling Market is estimated to reach USD 11.39 billion by 2033 with CAGR of 22.59%.
The report includes an in-depth analysis of the Asia-Pacific Lithium Ion Battery Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Recent years have seen an enormous surge in the popularity of lithium-ion battery technology, especially in the automotive (EV) and renewable energy sectors. The sharp decline in costs and favourable chemistry propelled the demand for technology. A lithium battery can be recycled after three to four years of use, at which point its users can purchase a new one. The need has grown since lithium-ion battery technology is most appropriate for the production of electric vehicles. Due to the increase of used Li-ion batteries, the market for battery recycling is expected to see development in the near future.
- May 2020: Neometals Ltd. and the Indian power trading company Manikaran Power Limited (MPL) partnered to conduct an AACE Class 3 Feasibility Study, which was jointly financed and aimed to assess an Indian lithium refinery. Following the findings of the study, Neometals intends to invest in a 50:50 joint venture with MPL to develop the lithium refinery. This will facilitate the company's entry into the Indian market.
- March 2021: Envirostream Australia Pty Ltd obtained consent from the city council in to develop a larger recycling plant for used or garbage batteries in Melbourne, Victoria. This is their second location. This will assist the company in achieving its objective of recycling batteries throughout Australia and preventing them from ending up in landfills.
Market Opportunities and Challenges
Consumer electronics requirements and desires have been growing at an exponential rate. Consumer electronics frequently use lithium-ion batteries. One of the most widely used varieties of rechargeable batteries for portable devices, they have low self-discharge rates, high open circuit voltage, and appropriate energy-to-weight ratios. The need for lithium ion batteries is rising as a result of technological advancements that have reduced the size and weight of electronic devices. With a better power density, quicker charging times, and longer battery life in a lighter size, lithium ion batteries are the way to go. The international community has decided that fast and large reductions in greenhouse gas emissions are necessary to slow down climate change and move toward a fossil fuel-free economy.
Li-ion batteries still have a lot of drawbacks despite their technological promise, especially in terms of safety. High voltages can damage Li-ion batteries and cause them to overheat. This may occasionally result in thermal runaway and combustion. These batteries need safety features to regulate internal pressure and voltage, which in certain situations can lead to weight gain and decreased performance. Li-ion batteries can age as well, which means that after a few years, they often lose their capacity and malfunction. Their cost is another barrier to their broad adoption, being around 40% more than that of Ni-Cd. If lithium-ion batteries are mistreated, overcharged, improperly packaged, or handled improperly, they can be quite harmful. Due to its extreme reactivity and flammability, lithium can have harmful impact.
Market Competitive Landscape
The battery recycling industry in Asia Pacific is extremely fragmented, with a large number of regional and local firms offering a wide range of options for businesses looking to enter the market. The market for battery recycling is growing as a result of the requirements that policymakers have imposed on the efficient use and disposal of spent battery components. Some of major players are Glencore, Retriev Technologies, Contemporary Amperex Technology Co. Ltd., Ganfeng Lithium Co. Ltd., Attero, Tata Chemicals Ltd., Batrec Industrie, Neometals Ltd., Envirostream Australia Pty Ltd. and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component , By Chemistry, By Recycling Process
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| Regions covered | China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC)
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| Companies Covered | Glencore, Retriev Technologies, Contemporary Amperex Technology Co. Ltd., Ganfeng Lithium Co. Ltd., Attero, Tata Chemicals Ltd., Batrec Industrie, Neometals Ltd., Envirostream Australia Pty Ltd. and various others.
|
COVID-19 Impact on Asia-Pacific Lithium Ion Battery Recycling Market
Because nearly every nation chose to shut down all production facilities save those that produced necessities, COVID-19 had a significant effect on the lithium-ion battery recycling sector. Following the pandemic, the growing electrification of the automotive industry in all areas and nations is credited with driving the expansion of the lithium-ion battery recycling business. Despite significant challenges faced by the car industry during the pandemic, sales of electric vehicles increased in the aftermath of the event. The expansion of this industry is also being driven by an increase in customer demand for battery-operated products throughout time. Manufacturers are taking calculated risks to recover from COVID-19.
Key Target Audience:
- Battery Manufacturers.
- Recycling Companies
- Government Agencies and Regulators
- Environmental Organizations
- Electric Vehicle (EV) Manufacturers
- Research and Development (R&D) Institutions
- Supply Chain and Logistics Companies
- Consumers and General Public
- Investors and Financial Institutions
Our in-depth analysis of the Asia-Pacific Lithium Ion Battery Recycling Market includes the following segments:
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By Component: |
Active Material
Non-Active Material
|
|
By Chemistry: |
Lithium Cobalt Oxide
Lithium-Iron Phosphate
Lithium-Manganese Oxide
Lithium-Nickel Cobalt Aluminium Oxide
Lithium-Nickel Manganese Cobalt
Lithium-Titanate Oxide
|
|
By Recycling Process: |
Hydrometallurgical Process
Physical/ Mechanical Process
Pyro metallurgy Process
|
Key Topics Covered in the Report:
- Asia-Pacific Lithium Ion Battery Recycling Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Lithium Ion Battery Recycling Market
- Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Component (Active Material, Non-Active Material)
- Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Chemistry (Lithium-Nickel Manganese Cobalt , Lithium Cobalt Oxide , Lithium-Manganese Oxide, Lithium-Iron Phosphate, Lithium-Nickel Cobalt Aluminium Oxide, Lithium-Titanate Oxide
- Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Recycling Process (Hydrometallurgical Process, Pyro metallurgy Process, Physical/ Mechanical Process)
- Statistical Snap of Asia-Pacific Lithium Ion Battery Recycling Market
- Expansion Analysis of Asia-Pacific Lithium Ion Battery Recycling Market
- Problems and Obstacles in Asia-Pacific Lithium Ion Battery Recycling Market
- Competitive Landscape in the Asia-Pacific Lithium Ion Battery Recycling Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Lithium Ion Battery Recycling Market
- Details on Current Investment in Asia-Pacific Lithium Ion Battery Recycling Market
- Competitive Analysis of Asia-Pacific Lithium Ion Battery Recycling Market
- Prominent Players in the Asia-Pacific Lithium Ion Battery Recycling Market
- SWOT Analysis of Asia-Pacific Lithium Ion Battery Recycling Market
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Lithium ion battery Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Lithium ion battery Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Lithium ion battery Recycling Market
7. Asia-Pacific Lithium ion battery Recycling Market, By Component, (USD Million)
7.1. Asia-Pacific Lithium ion battery Recycling Market Value Share and Forecast, By Component, 2023-2033
7.2. Active Material
7.3. Non-Active Material
8. Asia-Pacific Lithium ion battery Recycling Market, By Chemistry, (USD Million)
8.1. Asia-Pacific Lithium ion battery Recycling Market Value Share and Forecast, By Chemistry, 2023-2033
8.2. Lithium Cobalt Oxide
8.3. Lithium-Iron Phosphate
8.4. Lithium-Manganese Oxide
8.5. Lithium-Nickel Cobalt Aluminium Oxide
8.6. Lithium-Nickel Manganese Cobalt
8.7. Lithium-Titanate Oxide
9. Asia-Pacific Lithium ion battery Recycling Market, By Recycling Process (USD Million)
9.1. Asia-Pacific Lithium ion battery Recycling Market Value Share and Forecast, By Recycling Process, 2023-2033
9.2. Hydrometallurgical Process
9.3. Physical/ Mechanical Process
9.4. Pyro metallurgy Process
10. Asia-Pacific Lithium ion battery Recycling Market Forecast, 2019-2033 (USD Million)
10.1. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share
11. Asia-Pacific Lithium ion battery Recycling Market, By Component, 2019-2033 (USD Million)
11.1. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Component (2019-2026)
11.2. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Component (2027-2033)
12. Asia-Pacific Lithium ion battery Recycling Market, By Chemistry, 2019-2033 (USD Million)
12.1. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Chemistry (2019-2026)
12.2. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Chemistry (2027-2033)
13. Asia-Pacific Lithium ion battery Recycling Market, By Recycling Process, 2019-2033 (USD Million)
13.1. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Recycling Process (2019-2026)
13.2. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Recycling Process (2027-2033)
14. Asia-Pacific Lithium ion battery Recycling Market, By Region, 2019-2033 (USD Million)
14.1. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Region (2019-2026)
14.2. Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Region (2027-2033)
14.2.1. Australia
14.2.2. China
14.2.3. India
14.2.4. Indonesia
14.2.5. Japan
14.2.6. Malaysia
14.2.7. Philippines
14.2.8. Singapore
14.2.9. South Korea
14.2.10. Thailand
14.2.11. Rest of Asia-Pacific (APAC)
15. Company Profile
15.1. Attero
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Batrec Industrie
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Contemporary Amperex Technology Co.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Envirostream Australia Pty Ltd.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Ganfeng Lithium Co. Ltd.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Glencore
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Neometals Ltd.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Retriev Technologies
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
